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Greek Debt

Returning to Sanity?

David C. Wittig | Posted 10.21.2016 | World
David C. Wittig

Who would have thought that returning to Greece meant returning to sanity? But then again, who could have imagined two people more despised by the vo...

If Grexit Meets Brexit

Lyric Hughes Hale | Posted 06.13.2016 | HuffPost Home
Lyric Hughes Hale

Was the entire Greek debacle the result of greedy French and German bankers who made risky loans, who were then rescued by politicians?

Greece Has a Deal ... of Sorts

David C. Wittig | Posted 06.02.2016 | World
David C. Wittig

Greece finally passed its long awaited package of reforms, which follows the usual pattern. The Parliament was all too happy to raise taxes and social security contributions, but pension reform and the sale of NPLs is much less clear.

There Is No Settlement -- Part ?

David C. Wittig | Posted 05.04.2016 | World
David C. Wittig

There was no settlement between the EU and Greece before Greek Easter as promised. I wonder how many more times that headline will appear.

An Optimist Sees Opportunity

David C. Wittig | Posted 01.24.2016 | World
David C. Wittig

Each New Year seems to bring about a renewed optimism (unfortunately that optimism has already disappeared on Wall Street). Even I am beginning 2016 with the Greece glass half full. The weather is beautiful.

You Can't Argue With a Sick Mind ...

David C. Wittig | Posted 12.29.2015 | World
David C. Wittig

To understand what is going on in Greece, imagine Bernie Sanders fighting to pass a significant reduction in social security payments in the U.S. in order to continue to prop up a host of insolvent banks.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

If Greece continues to refuse to deal with the NPL problem, it is only a matter of time before the Europeans simply cut the Greeks off completely.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

Question ... "When is the tipping point?" Do you recognize it before it happens or only after? Has Greece already tipped over? The current governme...

27 Powerful Pieces Of Graffiti That Paint Greece's Frustration Amidst Crisis

The Huffington Post | Sara Elkamel | Posted 08.08.2015 | World

Greece’s debt crisis reached new heights last month as the government in Athens and the country's international creditors engaged in contentious neg...

A Death in Brussels

Michael Brenner | Posted 07.23.2016 | World
Michael Brenner

Let's tell it straight: "Europe" committed suicide last weekend in Brussels. It was an assisted suicide. The IMF wrote the original story line and set the scene; the European Central Bank provided the revolver and ammunition; while Germany unrelentingly urged that the suicide was a necessary act of moral redemption that was imperative to save the EU from eternal damnation.

Greece at Point Zero. Night of Decision in Parliament -- Night of Protests on the Streets

Margarita Mavromichalis | Posted 07.16.2016 | World
Margarita Mavromichalis

Last night in Athens was marked with heated conversations in the parliament as the government was pressed to get the new measures passed to secure Greece's place within the Eurozone.

Bernie Sanders Backs Greek Rejection Of Austerity Measures

The Huffington Post | Jacob Kerr | Posted 07.07.2015 | Politics

Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) voiced his support for Greece’s decision to reject a bailout deal that would have come...

A Corpse Can't Carry Out Reform in Greece. Here's What Can.

Jeffrey Sachs | Posted 07.06.2016 | World
Jeffrey Sachs

QUITO -- No country -- including Greece -- should expect to be offered debt relief on a silver platter; relief must be earned and justified by real reforms that restore growth, to the benefit of both debtor and creditor. And yet, a corpse cannot carry out reforms. That is why debt relief and reforms must be offered together, not reforms "first" with some vague promises that debt relief will come in some unspecified amount at some unspecified time in the future (as some in Europe have said to Greece).

Krugman Cheers Greece's 'No' Vote On Austerity

The Huffington Post | Alexander C. Kaufman | Posted 07.06.2015 | Business

“A ‘yes’ vote in Greece would have condemned the country to years more of suffering under policies that haven’t worked and, in fact, given the arithmetic, can’t work."

Why Greece Should Vote 'YES'

George Marios Angeletos | Posted 07.05.2016 | World
George Marios Angeletos

Greek voters should not give up on their demand for less austerity. But they should also condemn the failed strategies of this government, safeguard their position in Europe, and invest in the future.

This Greek Tragedy Could Be Europe's As Well

Jeff Faux | Posted 07.04.2016 | Politics
Jeff Faux

Like the chorus of a drama played out in some ancient Athenian amphitheater, Europe's politicians and pundits chant that the Greeks deserve their fate; they violated the sacred dictum of the Gods of Finance -- that countries must not live beyond their means. Therefore, they must be punished.

Elderly Greeks Try To Claim Their Pensions Amid Crisis

The Huffington Post | Nick Robins-Early | Posted 07.01.2015 | World

Thousands of elderly Greeks gathered at banks around the country on Wednesday after a number of branches temporarily opened to allow them to collect 1...

Why Greeks Might Accept More Austerity in Sunday's Vote

Daniel Gros | Posted 07.01.2016 | World
Daniel Gros

BRUSSELS -- The feeling of belonging to Europe might make the difference. It might lead a majority of Greeks to accept another austerity program, and prevent Greece from repeating Argentina's tragedy.

Let Greece Leave the Eurozone

Ivan Eland | Posted 06.30.2016 | World
Ivan Eland

Greece has long been irresponsible financially -- originally having excessive pensions, early retirement ages, an over-regulated and corrupt economy, 20 percent of the workforce in the employ of a bloated government, and uneven tax collection.

EU Tells Greeks 'Door Still Open' To Deal, Makes Offer Public

Reuters | Posted 06.28.2016 | World

By Alastair Macdonald BRUSSELS, June 28 (Reuters) - EU chief executive Jean-Claude Juncker launched a last-ditch drive on Sunday to pe...

Greek Offer In Bailout Talks Stirs Angry Backlash At Home

Reuters | Posted 06.23.2016 | World

By George Georgiopoulos and Michele Kambas ATHENS, June 23 (Reuters) - Greece's leftwing government expressed confidence on Tuesday that parliament...

The Victimization of the Greek People Must Stop

Nicos E. Devletoglou | Posted 06.16.2016 | World
Nicos E. Devletoglou

Isn't it, too, almost an indecent albeit dangerous spectacle of the European Union, a superpower, to go on threatening, when not cajoling, the government of a small member-state on its strategic southern periphery?

Greek PM Tsipras Insists On Debt Relief As Negotiations Resume

Reuters | Posted 06.13.2015 | World

ATHENS/BRUSSELS, June 13 (Reuters) - Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with i...

The Greek Crisis Needs Mediation Now, Not More Confrontation

Nicos E. Devletoglou | Posted 05.26.2016 | World
Nicos E. Devletoglou

Greece needs an honest break to get ahead: by completing ex post all known far-reaching structural reforms required to help transform its economy -- languishing in disarray for too long -- into an engine of progress.

The Greek Default Will Be Soon... Drachma Here We Come

Richard Finger | Posted 06.26.2015 | World
Richard Finger

Greece will reintroduce the Drachma, which, I predict, will initially devalue at least 30 or 40 percent versus the Euro. Unfortunately, Greece imports are nearly twice their exports ($60 billion to $33 billion).